The business results of the AD Plastik Group in the first quarter of this year finally indicate a slight recovery in semiconductor supply in the European market, which has resulted in an increase in customer orders. This was also reflected in the numbers. The Group had business revenues of 33.1 million euros in the first quarter, only slightly less than in the same period last year, while the parent company AD Plastik d.d. increased its revenues by 8.2 percent to 25.4 million euros. The Group’s net profit skyrocketed by 789 percent, amounting to 680 thousand euros.
– Given the geopolitical situation and significantly lower revenues and activities in the Russian market, the Group’s results are expected, but the share from that market in the total revenues of the group has significantly decreased to only 7.21 percent. Despite the circumstances and the situation where one Russian factory is not operating, and another is producing at reduced capacities, it is important to note that the Russian companies are viewed as a self-sustaining whole and financially independent of the parent company – emphasized Marinko Došen, CEO of AD Plastik.
During the first three months of this year, AD Plastik contracted new business worth 95 million euros, which gives reason for moderate optimism for the upcoming period.
– A developmental year is ahead of us, and we are fully focused on the quality preparation of contracted jobs, considering that the start of serial production for almost all projects contracted during this and last year is planned for 2024 – said Došen.
